In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for Pakistan for the period 1960-2007 using cointegration approach. The empirical results show that all the monetary aggregates are negatively related to the interest rate. The welfare...

Purpose: This study examines the impact of ownership structure on firm financial performance, for 146 manufacturing firms listed at the Pakistan Stock Exchange (PSX) for the period 2003–2012. Design/methodology/approach: The theoretical background of the present study is based on the agency...

In this paper in attempt has been made to propose some strategic measures which are important for the survival of financial institutions in the 21st century. The study points out that liberalization and globalization offered many opportunities to financial institutions to provide wider range of...

In this study an attempt has been made to analyze the role of banks in housing finance in Pakistan. The evidence shows that presently Pakistan is facing a housing backlog of 5.38 to 6 millions units. The big demand for housing calls for an active role of banks, HFCs and other financiers. The...

This study examines the demand for energy at disaggregate level (gas, electricity and coal) for Pakistan over the period 1972-2007. Over main results suggest that electricity and coal consumption responds positively to changes in real income per capita and negatively to changes in domestic price...